Hi BP looking to see if anyone has experienced this before…Been working a deal out with my agent (well known on this forum and has great reviews) and trying to close on my first out of state rental property.  

@Jonathan Greene the property is out of state (I'm in a tri-state area).

I thank God for my 20 years of experience in real estate What made you interested in investing in this type of deal?

Hi Mary,It is true the lender will not usually give you the rehab funds in advance, but this does not mean that you must complete all of the rehab out of pocket.

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

@Jonathan Greene infers from your use of the term "lease" that this tenant started off on with a lease for a period of time such as 1 year and then when the lease ended no new lease with signed and the tenancy continued as month-to-month under the original lease terms.

This development aims to enhance housing options and significantly increase property values.

This property showcases strategic planning and flexibility within my investment portfolio.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?